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    16501 La Grange Rd Orland Park, IL 60467

    Sponsored
    For Sale
    $795,000

    2.2-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 2.2-acre commercial land parcel, located at 16501 South Lagrange Road in Orland Park, Illinois, presents a unique investment opportunity. Priced at $795,000, this property boasts a highly desirable location within a strong regional shopping district. The lot offers 1.58 acres of buildable land, providing ample space for various commercial developments. Its strategic positioning provides signalized access via a cross-access easement with a Lifetime Fitness center, ensuring high visibility and convenient access for potential businesses. The property benefits from exceptional traffic counts, with 39,600 vehicles passing daily on Lagrange Road. This high traffic volume translates to significant potential for customer reach and business success. Furthermore, the property enjoys close proximity to Interstate 80, enhancing accessibility for both customers and employees. The surrounding area features a vibrant mix of established businesses, including Marcus Cinema, Wu House Japanese Restaurant, Rock Bottom Brewery, a Homewood Suites hotel, and a Houlihan's restaurant, creating a thriving commercial environment. The property is zoned COR, offering flexibility for a range of commercial uses. This prime location and favorable zoning make this 2.2-acre parcel an ideal investment for developers and entrepreneurs seeking a high-traffic, well-established commercial setting in Orland Park, IL (zip code 60467).

    Property Features for 16501 La Grange Rd

    General Information

    Property type
    Land
    Lot Size
    95,832 SF

    HighLights

    • 2.2‑acre site with 1.58 acres buildable.
    • Signalized access shared with Lifetime Fitness.
    • High traffic count: 39,600 vehicles per day on LaGrange Road.
    • Located in a strong regional shopping district.
    • Convenient proximity to I‑80.
    • Across from Marcus Cinema, Wu House, and Rock Bottom Brewery; adjacent to Lifetime Fitness, Homewood Suites, and Houlihan's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8518232
    Latitude
    41.591703

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    FAQs

    What type of property is this?
    Land - 2.2-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 16501 La Grange Rd Orland Park, IL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 2.2-acre site with 1.58 acres buildable.; Signalized access shared with Lifetime Fitness.; High traffic count: 39,600 vehicles per day on LaGrange Road.
    Request Owner's contact information
    16501 La Grange Rd Orland Park, IL 60467
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    Orland Park, IL 60467
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16501 La Grange Rd Orland Park, IL 60467
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